Deal facts
- Buyer
- Vossloh AG
- Target
- Cordel Group PLC
- Deal value
- GBP 29,000,000
- Announced
- 13 May 2026
- Status
- Firm intention
- Sector
- Technology
- Country
- United Kingdom
- Consideration
- cash
Sources
Vossloh AG has agreed to acquire Cordel Group PLC in a going private transaction valued at 29 million GBP. The German industrial technology firm will purchase the UK-based technology company for cash consideration. This deal was announced on 13 May 2026 and represents a significant cross-border acquisition within the technology sector. The transaction structure involves a full cash offer to all shareholders of the target, facilitating its removal from the public market.
The acquisition marks a strategic expansion for the buyer into the British technology landscape. Cordel Group PLC will cease to be a publicly listed entity following the completion of the deal. The transaction remains subject to regulatory approval and other customary closing conditions. Vossloh AG intends to integrate the target's operations into its existing global portfolio. The parties have confirmed their firm intention to proceed with the proposed acquisition. The deal is currently awaiting final regulatory clearance before completion.
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Recommended Cash Acquisition of Cordel Group PLC
FOR IMMEDIATE RELEASE 13 May 2026 RECOMMENDED CASH ACQUISITION of CORDEL GROUP PLC by VOSSLOH AG Summary · The board of directors of Cordel Group PLC (" Cordel ") and the executive board of Vossloh AG (" Vossloh ") are pleased to announce that they have reached agreement on the terms of a recommended cash acquisition by which the entire issued and to be issued share capita
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Buyer history
Vossloh AG
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